Cara Operations Gets a Large Order of New York Fries

Cara Operations is acquiring New York Fries and its 120 retail locations across Canada (including the one above at Crombie REIT’s Avalon Mall in St John's, NL) and 36 abroad. Jay Gould launched NYF in 1984 in Brantford, ON, with brother Hal (and subsequently founded South St. Burger Co in 2005). NYF’s head office will reclocate to Cara’s Vaughan HQ and NYF EVP Warren Price will join Cara, which had its IPO in April. The company said the NYF acquisition helps diversify its portfolio in shopping centres where its existing 10 brands—including Harvey's, Swiss Chalet, Kelsey's, Montana's and Milestones—currently have limited presence.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Toronto Newsletters
Related Stories

Macerich In Default On Almost $400M In Mall Debt

Centennial Shopping Center Sells For $31M: The Denver Deal Sheet

Simon Achieves 17% Rent Growth On New Leases As Retail Demand Soars

As Hollywood Readies A Slate Of Blockbusters, Leisure Parks Could Be A 2027 Hit

EXCLUSIVE: Owners Get £168M Blackstone Loan For Shopping Centre As Value Surges by £100M

Simon Property Group Takes Out $93M Loan To Refinance Colorado Mills Mall

The Village At Seven Pines Reveals Retail Lineup Ahead Of 2027 Opening

Wereldhave Sells €63M Shopping Center To French Investor

Banks Are Manhattan's Latest Hot Retail Tenant

GGP To Redevelop Former Dick's Sporting Goods Store At Frisco's Stonebriar Centre

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Gwinnett Mall Project Stands To Benefit From Georgia's Opportunity Zone Picks